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News - dvdnews@yanman.com
NOV, 1 2001 Director John Singleton making a personal
appearance
Acclaimed director John Singleton will be making a personal
appearanceat the Wherehouse in Ladera heights in Los Angeles (5390
Centinela Ave)
on November 7 between 6-8 PM to promote the VHS and DVD release of BABY
BOY. If you are in the area stop by!
-----------------------------------------------------------
A CLASSIC LOVE STORY WITH A TWIST,
GHOST MAKES ITS DEBUT ON DVD
Hollywood, Calif. – April, 2001 – The Academy Award-winning love story
GHOST (1990), starring Patrick Swayze, Demi Moore and Whoopi Goldberg,
made its DVD debut on April 24 from Paramount Home Entertainment, with
high voltage bonus
material. The GHOST DVD includes a retrospective featurette that showcases
behind-the-scenes footage from the original film set, as well as the
original
theatrical trailer and commentary by director Jerry Zucker and writer
Bruce Joel Rubin who won an Oscar for his “Ghost” screenplay.
In GHOST, after being gunned down and killed by a mugger while walking home from an evening on the town with his girlfriend Molly (Moore), Sam (Swayze) finds that his spirit is trapped between two worlds, leaving his ghost on Earth to investigate the reason for the crime that killed him. Realizing that his supposed best friend Carl (Tony Goldwyn) had him killed over a multi-million dollar scandal, he feels compelled to warn his girlfriend but discovers that he can no longer communicate with the human world and seeks the help of psychic Oda Mae Brown (Goldberg). Part thriller, part romance, part comedy, GHOST celebrates the power of love, friendship and good will and transforms hard-core cynics into believing in magic.
The DVD of GHOST is presented in widescreen format enhanced for 16:9 televisions. The audio track features Dolby Digital English 5.1 Surround and French Dolby Surround and it is close-captioned and subtitled in English for the deaf and hard of hearing. Rated PG-13 (U.S.) and 14A (Canada) and running 126 minutes, GHOST is available at $29.99 (S.R.P.) in the U.S. and C$39.99 (S.R.P.) in Canada.
Oct 5, 2000 George Lucas Makes His DVD Premiere On QuickBand Networks
FOR IMMEDIATE RELEASE Contact: Colleen O'Mara or Jessie Nagel @ Hype (323) 938-8363 colleen@hypeworld.com
George Lucas Makes His DVD Premiere On QuickBand Networks
SHORT 10: CHAOS features the World Premiere of Lucas' USC student film, "Electronic Labyrinth," as well as the most acclaimed short of 2000, "Five Feet High and Rising."
Hollywood -- (October 4, 2000) - QuickBand Networks - (www.quickband.com), an On2 Company, has announced the next release of the company's quarterly edition of its award-winning short film compilation SHORT 10: CHAOS, due out November 7th. SHORT 10: CHAOS features the very first George Lucas film to appear on DVD. Added features to the DVD World Premiere of "Electronic Labyrinth" are bonus interviews with George Lucas and Francis Ford Coppola on the history of THX; an interview with the star of "George Lucas In Love" on playing USC-era Lucas; and an interview with one of Lucas' USC professors on the renowned director's life as a student filmmaker. "SHORT 10: CHAOS" also features the most-acclaimed short film of 2000: "Five Feet High and Rising," winner of "Best Short" at the Sundance Film Festival The film was also honored at the Cannes Film Festival and at South By Southwest.
In addition, the DVD released version features extra scenes and a special companion film created just for SHORT 10 by the filmmaker, Peter Sollett. Sollett was recently named one of the "25 New Faces of Independent Film," by Filmmaker Magazine. The new release from QuickBand Networks also includes two other official selections of the Sundance Film Festival: "Burnout" and "Still Revolutionaries," which both include filmmaker commentaries.
Also included is the Oscar-winning animated short, "The Fly." SHORT 10: CHAOS also boasts several new sections including Classic Shorts and Student Films. QuickBand's commitment to these important categories is re-emphasized with the creation of these permanent sections. A strong supporter of Classic Films, QuickBand Networks has included on previous releases of SHORT such films as Chris Marker¹s "La Jetée", Alain Resnais' "Night and Fog", and Leni Riefenstahl¹s "Day of Freedom." The new Student Film category will showcase the next generation of filmmakers to a wide audience. Several student filmmakers featured on past releases of "SHORT" were previously picked by Filmmaker Magazine as the "25 New Faces of Independent Film," including Amy Talkington ("Number One Fan"/ SHORT 8), David Birdsell ("Blue City"/SHORT 6), Shari Roman and Sophie Fiennes ("Lars >From 1-10"/ SHORT 7).
QuickBand Networks is the publisher of DVD titles SHORT, Circuit, Afrocentricity, and International Release which are distributed by Warner Home Video and available at Tower Records, Virgin Megastores, Best Buy, DVDExpress.com, Amazon.com, 800.com, and other retailers nationwide. QuickBand Networks is located at 1041 North Mansfield Avenue, 2nd Floor, Hollywood, CA 90038 and can be reached at Ph. 323.993.1919, Fx. 323.993.9689 or sandra@quickband.com.
On2.com Inc. (ASE: ONT) is a broadband application service provider offering a suite of products and services, including high-level video encoding, hosting, streaming, interface design, customized technical support, and consulting services. Founded in 1992, the company has consistently been at the forefront of the broadband revolution with the creation of its advanced full-motion, full-screen, TV-quality video compression and streaming technology (TrueMotion® VP3). In assisting new and traditional media companies, Internet enterprises and Web site customers to move from a traditional media distribution model to a broadband IP strategy, On2 is enabling the Internet to become a truly viable delivery medium for video, audio, 3D, and other media and data. Headquartered in New York City, with offices in Albany, NY, San Francisco, CA, and London, UK, On2 may be reached at 375 Greenwich Street, New York, NY 10013, telephone 212-941-2400 or info@on2.com. Investor inquiries should be sent to invest@on2.com. Sales information is available through sales@on2.com. More information is also available at www.on2.com.
April 6, 2000 ...THE STARS OF GEN-X COPS.
You can chat online with the stars of Gen-X Cops when you go to the Click2Asia Web site at www.click2asia.com. In order to ask the stars your questions, you must register at Click2Asia. It is quick and easy. Just click on the "Join Now" button and the site will prompt you from there.
The Chat schedule is as follows:
Nicholas Tse- April 9 @ 10:00 p.m.- 10:20 p.m. (PST)
Daniel Wu- April 11 @ 8:00 p.m.- 8:30 p.m. (PST)
Sam Lee- April 11 @ 8:30 p.m.- 9:00 p.m. (PST)
Stephen Fung- April 11 @ 9:00 p.m.- 9:30 p.m. (PST)
If you have any questions, please feel free to email me or call me at 310/444-1312.
Regards,
Aleece de Vengoechea
Feb 24, 2000
This just in from Columbia/Tristar Home Video
DVD ALERT!!!!!
Columbia TriStar Home Video will release a collector's series and limited edition DVD of MEN IN BLACK on September 5, 2000.
More information to follow.
We will keep you posted!
FOR IMMEDIATE RELEASE
February 24, 2000
Contact: Jeff Kaplan
310-244-7164
Jeff_Kaplan@spe.sony.com
"'STUART LITTLE' IS THE CUTEST MOST ADORABLE MOVIE OF THE
YEAR!"
Jeffrey Lyons - NBC TV
STUART LITTLE
COMES HOME ON DVD AND VIDEOCASSETTE APRIL 18, 2000
For more information visit our Columbia/Tristar Home Video page
FOR IMMEDIATE RELEASE January 4, 2000
ON MARCH 21, 2000 TWELVE HOT DRAMAS AND COMEDIES STARRING SUCH HOLLYWOOD HEAVYWEIGHTS AS JACK NICHOLSON, WARREN BEATTY, CHARLES BRONSON, BILL PAXTON AND TED DANSON WILL BE AVAILABLE FOR ONLY $14.95 FROM COLUMBIA TRISTAR HOME VIDEO
"A FINE MESS," "BREAKOUT," "DAYTRIPPERS," "FARAWAY SO CLOSE," "FATHERS AND SONS," "FOREVER LULU," "GABY," "HARRY AND WALTER GO TO NEW YORK," "HEXED," "I LIKE IT LIKE THAT," "ONE FALSE MOVE" AND "THE FORTUNE"
Culver City, CA (1/4/00) - On March 21, 2000 Columbia TriStar Home Video will re-price the following twelve hit titles to $14.95:
A FINE MESS Ted Danson (TV's Cheers) and Howie Mandel (TV's The Howie Mandel Show) star in this slapstick spoof about kooky cons and hare-brained hoods. Rated PG Color Mono Closed-Captioned $14.95 90 Mins. VHS #60723 UPC #0-43396-60723-1
BREAKOUT Charles Bronson (Death Wish) and Robert Duvall (Academy Award-winner, Tender Mercies) star in this explosive story of a Mexican prison break. Rated PG Color Mono $14.95 96 Mins. VHS #60146 UPC #0-43396-60146-8
DAYTRIPPERS Eliza D'Amico (Hope Davis, Arlington Road) thinks her marriage to Louis (Stanley Tucci, The Imposters) is going great, until she finds a mysterious love note to her husband. Concerned, she goes to her mother (Anne Meara, TV's All in the Family) for advice. Eliza, her parents, her sister Jo (Parker Posey, You've Got Mail) and Jo's boyfriend (Liev Schreiber, Jakob the Liar) all pile into a station wagon to go to the city to confront Louis with the letter. On the way, the five explore their relations with each other, and meet many interesting people. Rated R Color DSS Closed-Captioned $14.95 87 Mins. VHS #70373 UPC #0-43396-70373-5
FARAWAY SO CLOSE Gravity-defying imagery gives wings to this daring film of an angel who stumbles into the harsh reality of Berlin after the Cold War. Rated PG13 Color DS $14.95 145 Mins. VHS #79963 UPC #0-43396-79963-9
FATHERS AND SONS A recently widowed father struggles to understand his teenage sons as they become involved in drugs, ESP, amateur theater and the capture of a serial killer. Stars Jeff Goldblum (Jurassic Park: The Lost World, Independence Day) and Rosanna Arquette (Buffalo '66, Crash). Rated R Color DSS $14.95 VHS #92953 100 mins. UPC #0-43396-92953-1
FOREVER LULU A would-be novelist falls into a web of intrigue when she decides to end it all. Stars rock legend Debby Harry and Alec Baldwin (The Edge). Rated R Color Mono $14.95 86 Mins. VHS #67003 UPC #0-43396-67003-7
GABY A young woman's indomitable spirit overcomes incredible physical obstacles to find her place in the world. Rated R Color Mono $14.95 115 Mins. VHS #67004 UPC #0-43396-67004-4
HARRY AND WALTER GO TO NEW YORK It's non-stop fun when Harry (James Caan, The Godfather) and Walter (Elliott Gould, Mash) turn to crime and pirate plans for a new "impenetrable" safe. Rated PG Color Mono $14.95 108 Mins. VHS #60012 UPC #0-43396-60012-6
HEXED Lowly hotel clerk Matthew Welch (Arye Gross, TV's Ellen) stumbles onto a chance to go on a date with supermodel Hexina (Claudia Christian, The Haunting of Hell House) by pretending he is someone else. But something goes wrong on the date - she tries to kill him! Soon she kills a couple more people, and unfortunately all the evidence points to Matthew. Gloria (Adrienne Shelly, The Regulars), who has been wishing Matthew would ask her on a date, thinks he is innocent and is willing to help, but hard-nosed Detective Ferguson (R. Lee Ermey, Toy Story 2) is hot on the clues, and closing in on Matthew. Rated R Color DS Closed-Captioned $14.95 93 Mins. VHS #51583 UPC #0-43396-51583-3
I LIKE IT LIKE THAT Lisette (Lauren Velez, TV's Oz) and husband Chino (Jon Seda, Selena) face marital difficulties. She is fed up with the kids, while he has job troubles. His mother Rosaria (Rita Moreno, Academy Award-winner, West Side Story) hates Lisette and the neighborhood tramp has designs on Chino. Things get even worse when Chino goes to jail and Lisette gets a good job uptown. Can this marriage be saved? Rated R Color DSS Closed-Captioned $14.95 106 Mins. VHS #73653 UPC #0-43396-73653-5
ONE FALSE MOVE A small-town sheriff (Bill Paxton, Titanic) is out to bag his first big city drug dealers... until he learns his ex-girlfriend (Cynda Williams, Mo' Better Blues) is one of them. Also stars Academy Award-winner Billy Bob Thornton (Sling Blade). Rated R Color DSS Closed-Captioned $14.95 106 Mins. VHS #91173 UPC #0-43396-91173-4
THE FORTUNE Warren Beatty, Jack Nicholson and Stockard Channing prove it takes three to tango in this hilarious farce from director Mike Nichols. Rated PG Color Mono $14.95 94 Mins. VHS #78323 UPC #0-43396-78323-2
TRADE INFORMATION Order Date: February 17, 2000
Columbia TriStar Home Video is a Sony Pictures Entertainment company. Sony Pictures' global operations encompass motion picture production and distribution, television programming and syndication, home video acquisition and distribution, operation of studio facilities, development of new entertainment technologies and distribution of filmed entertainment in 67 countries worldwide. Sony Pictures Entertainment can be found on the World Wide Web at http://www.spe.sony.com
Nov 19 - Digital Leisure Releases Dragon’s Lair II: Time Warp for DVD-Video
November 19, 1999 8:30 AM
FOR IMMEDIATE RELEASE
Contact: Digital Leisure Inc.
(905) 888-9550
elizabethf@digitalleisure.com
http://www.digitalleisure.com
Digital Leisure Releases Dragon’s Lair II: Time Warp for DVD-Video
Sequel to Dragon’s Lair Now Available for DVD movie players
GORMLEY, Ontario, Canada -- November 19, 1999 -- Grab your DVD remotecontrol and guide Dirk the Daring as he races through time to save the beautiful Princess Daphne from the clutches of the Evil Wizard Mordroc in Dragon’s Lair II: Time Warp. The long awaited sequel to the award-winning game Dragon’s Lair is now available for DVD movie players.
Princess Daphne has been spirited away to a wrinkle in time by the Evil Wizard Mordroc who plans to force her into marriage. Only you, Dirk the Daring, can save her. Transported by a bumbling old time machine, you begin the rescue mission. But you must hurry, for once the Casket of Doom has opened, Mordroc will place the Death Ring upon Daphne’s finger in marriage and she will be lost forever in the Time Warp!
Dragon’s Lair II: Time Warp, the classic laser-disc based arcade game, features spectacular quality animation created by Don Bluth, a former Disney animator famous for his work on An American Tail, The Land Before Time and he also co-directed the more recent blockbuster Anastasia. In addition to the fully playable game, the Dragon’s Lair II DVD-Video release contains exclusive never-before-released preproduction footage of the game animation while still under development including pencil tests of the animation and scratch audio tracks. A special "Watch" option allows players to view the entire game without requiring moves on the DVD remote control.
"Once again we’ve pushed the limits of DVD movie player capabilities," Elizabeth Foster, President of Digital Leisure said. "In addition to real-time decision making based on user input from the remote control, Dragon’s Lair II: Time Warp features inventory item pickups during gameplay, making for added challenge." Following the release of Dragon’s Lair II: Time Warp DVD-Video, Digital Leisure plans to release Dragon’s Lair II: Time Warp DVD-ROM later this month. Dragon’s Lair and Space Ace are currently available for DVD-Video, DVD-ROM and CD-ROM formats.
Digital Leisure is a leading publisher of interactive DVD-ROM and DVD-Video titles. The company acquires and remasters existing video-intensive titles that would benefit from the superior video and audio quality of DVD. The company can be contacted at http://www.digitalleisure.com
Contact: Digital Leisure Inc.
Elizabeth Foster, 905/888-9550
elizabethf@digitalleisure.com http://www.digitalleisure.com
Oct. 27 - Tarzan on DVD
Wednesday October 27 3:04 AM ETTarzan swingin' into video
By Marc Graser
HOLLYWOOD (Variety) - Disney's animated cartoon ``Tarzan'' will swing into the home video and DVD markets Feb. 1, the company said Tuesday.
The film, which grossed $170 million at the North American box office, will retail for $27 in the VHS configuration and $40 as a DVD.
The DVD features a Phil Collins music video, Internet links, a read-along, trivia game and sneak peeks. A ``Collector's Edition'' DVD, priced at $50, will bow on March 21. It will boast audio commentary by the picture's creators.
Disney also said it will release ``Inspector Gadget'' on home video Dec. 7.
Reuters/Variety
Sept. 15 Spielberg Has A Change Of Heart
One of this year's most highly-anticipated DVD releases and a constant presence on DVD consumer's most wanted lists, the Special Limited Edition of “Saving Private Ryan,” debuts on DVD November 2 from DreamWorks Home Entertainment -- debuting day and date with the film's first-ever sell-through VHS release. DreamWorks will conduct an all digital Telecine high definition transfer -- resulting in enhanced detail and definition. As well, the DVD will feature bonus programming including a message from Steven Spielberg; an exclusive, half-hour behind-the-scenes look at this extraordinary film; and specially created interactive menus. The Special Limited Edition of the “Saving Private Ryan” DVD also will be available in the Digital Theater Systems (DTS) format.
An unforgettable film achievement, “Saving Private Ryan,” a DreamWorks Pictures and Paramount Pictures' co-production, received wide acclaim from audiences nationwide during its theatrical release and throughout the world. It was hailed as the best motion picture of 1998 by more than 70 film critics and critics groups across the country and appeared on more than 160 "Top 10" lists. After becoming the highest box-office grossing film last year, “Saving Private Ryan” went on to shatter rental records with the strongest revenue-generating debut in rental history.
"Saving Private Ryan is a film that people want to own and have in their collection," said Kelley Avery, head of DreamWorks Worldwide Home Video and Retail Entertainment. "We are thrilled to release this very collectible film on both DVD and VHS, and are confident that both formats are destined to be one of the biggest sellers of the fourth quarter."
The Saving Private Ryan DVD bonus programming will include: high-quality digital telecine transfer, a director’s message, specially created message from two-time Academy Award-winning director Steven Spielberg is included on the DVD. During the tribute, Steven Spielberg discusses the significance of D-Day and the National D-Day Museum. A Behind-The-Scenes Featurette: A segment titled "Into The Breach” offers an insightful look behind-the-scenes of the production. DVD viewers will have an opportunity to hear compelling interviews with the cast and crew members discussing the intense personal impact they experienced while making this extraordinary film. Other bonus material includes two original theatrical trailers, cast and crew biographies and the production notes.
With a cast headlined by Tom Hanks, Edward Burns, Matt Damon and Tom Sizemore, Saving Private Ryan was bestowed with many prestigious awards and honors. In addition to the five Academy Awards, the film's accolades include Golden Globes for Best Picture and Best Director; The Directors Guild of America award for Best Director; New York Film Critics Circle and Chicago Film Critics awards for Best Picture; Los Angeles Film Critics and the Broadcast Film Critics awards for Best Picture and Best Director. Additional honors include an American Legion "The Spirit of Normandy" Award to Steven Spielberg, the highest civilian public service award from the Department of the Army, as well as the Pentagon's highest civilian honor, the Defense Department Public Service Award.
Aug 22 News posted on our 20th Century Fox Page
Aug 22 Separate Studio pages!
Wow we are now getting so much information each day from the studios that we have decided to give each there own page check them out.
-20th
Century Fox -Disney - MGM/UA
-Columbia TriStar
-Universal- New Line
-Warner Brothers -Paramount
Aug 17 Disney Debuts Animated Classics On DVD
LOS ANGELES (Reuters) - Walt Disney Co.'s home entertainment unit said Tuesday it plans to offer, for a limited time, nine classic animated film titles on digital video disk (DVD).
Buena Vista Home Entertainment said it will release the popular Disney animated features on DVD over the next four months as part of a ``once-in-a-millennium celebration.''
``With nearly 15 million households expected to have a set-top DVD player or a computer capable of playing DVDs by the end of the year, we think this is a great time to offer these animated classics on DVD and a great way to mark the millennium,'' Richard Cook, chairman of Walt Disney Motion Pictures Group, said in a statement.
Each of the titles will be available for a 60-day period and most of the offerings will then be placed on moratorium for up to 10 years, the company said.
``Pinocchio,'' which was the studio's first animated classic to be released as a video in 1985, will debut on DVD on Oct. 26.
Another three titles -- ``101 Dalmatians,'' ``Hercules''
and ''Mulan'' -- will be released on Nov. 11, while ``Lady and the
Tramp,'' ``Peter Pan'' and ``Simba's Pride (''Lion King II'') will be
released on Nov. 23. ``The Jungle Book'' and ``The Little Mermaid'' will
be available on DVD starting on Dec. 7.
Aug 10 Digital Leisure Releases Space Ace for DVD-Video
August 10, 1999 8:30 AM
FOR IMMEDIATE RELEASE
Contact: Digital Leisure Inc.
(905) 888-9550
elizabethf@digitalleisure.com
www.digitalleisure.com
Digital Leisure Releases Space Ace for DVD-Video
Follow-up to Dragon’s Lair Now Available for DVD movie players
GORMLEY, Ontario, Canada -- August 10, 1999 -- When Digital Leisure shipped Dragon’s Lair for DVD-Video late last year, it set a new standard for interactive gaming on set-top DVD movie players. Now with it’s release of Space Ace, the much awaited follow-up to Dragon’s Lair, DVD owners will be able to use the remote control for their DVD players to control the action as Ace battles the evil Commander Borf.
As one of the first animated video games in history, Space Ace features non-stop video action. The evil Commander Borf has kidnapped Ace’s girlfriend, the beautiful Kimberly, and is plotting to enslave the Earth using his dreaded "Infanto Ray", a weapon that changes everyone it blasts into a helpless baby. Using the remote control from the DVD movie player, game enthusiasts can choose to guide Ace, or his weak alter-ego Dexter, through Borf’s strongholds to find and destroy the Infanto Ray, rescue Kimberly and save the Earth.
Space Ace, the classic laser-disc based arcade game, features spectacular quality animation created by Don Bluth, a former Disney animator famous for his work on An American Tail, The Land Before Time and he also co-directed the more recent blockbuster Anastasia. In addition to the fully playable game, the Space Ace DVD-Video release contains exclusive interviews with Bluth and Rick Dyer, co-creators and designers of the game. A special "Watch" option allows players to view the entire game without requiring moves on the DVD remote.
"Many DVD-Video owners don’t realize the hidden capabilities that are built into their machines," Elizabeth Foster, president of Digital Leisure said. "Space Ace, possibly the most complex DVD-Video title authored to date, makes use of real-time decision making and user input to determine the flow of the game. Space Ace is even more interactive that Dragon’s Lair, allowing the player the choose to play either Ace or Dexter on the fly."
Following the release of Space Ace DVD-Video, Digital Leisure plans to release Space Ace DVD-ROM in September and Dragon’s Lair II: Time Warp for DVD-Video and DVD-ROM in October. Dragon’s Lair is currently available for DVD-Video, DVD-ROM and CD-ROM formats.
Digital Leisure is a leading publisher of interactive DVD-ROM and DVD-Video titles. The company acquires and remasters existing video-intensive titles that would benefit from the superior video and audio quality of DVD. The company can be contacted at http://www.digitalleisure.com
Contact: Digital Leisure Inc.
Elizabeth Foster, 905/888-9550
elizabethf@digitalleisure.com
http://www.digitalleisure.com
# # #
16 June 1999
WE WIN DIVX IS DEAD!!
From PR Newswire:
Digital Video Express, LP to Discontinue Operations
HERNDON, Va., June 16 /PRNewswire/ -- Digital Video Express, LP announced today that it will cease marketing of the Divx home video system and discontinue operations, but existing, registered customers will be able to view discs during a two-year phase-out period.
"Sales at participating Divx retailers reflect strong consumer interest in the Divx feature," said Richard L. Sharp, chairman and chief executive officer of Digital Video Express and of Circuit City Stores, Inc. (NYSE: CC, KMX), the majority partner in the Digital Video Express venture. "The majority of customers purchasing DVD players in Circuit City stores have selected players that include the Divx option. Unfortunately, we have been unable to obtain adequate support from studios and other retailers. Despite the significant consumer enthusiasm, we cannot create a viable business without support in these essential areas."
Digital Video Express will provide a $100 cash rebate to all consumers who purchased Divx-enhanced players prior to June 16, 1999. Rebate forms will be available at http://www.divx.com, participating retailers and by calling 1-888-639-DIVX. The rebate will ensure that no Divx customers have paid more for the Divx-featured player than they would have paid for the least expensive, comparable DVD player available at the time of their purchase. All Divx-featured DVD players are fully functional DVD players and will continue to operate as such. All Divx discs, including those previously purchased by consumers and those remaining in retailer inventories, can be viewed on registered players anytime between now and June 30, 2001. Subsequent viewings also will be available during that period. Discs can no longer be upgraded to unlimited viewing, known as Divx Silver. Customers who have converted discs to Divx Silver can continue viewing the discs until June 30, 2001, or can receive a full refund of the conversion price at their request. Divx expects to provide registered owners with written notification of the details related to the system phase-out. Effective today, Divx will no longer register new customers.
"We want to thank all our existing Divx customers and regret that this decision was necessary," Sharp said. "We hope to work closely with all Divx retailers and customers to ensure that the closure process is as simple as possible."
Circuit City Stores, Inc. is incurring an after-tax loss of $114.0 million related to the disposal of the Divx business. The loss includes provisions for commitments under licensing agreements with motion picture distributors, the write down of assets to net realizable value, lease termination cost, employee severance and benefit cost and other contractual commitments.
"I especially want to recognize all of our Divx Associates, who developed a terrific product that has performed flawlessly for our customers," said Sharp. "These individuals have put in countless hours from the early stages of the product's development through market introduction and the early operating phase. They have delivered exceptional customer service, and I cannot thank them enough for the talent, commitment and dedication they have given to this project."
Digital Video Express, LP is a partnership between Circuit City Stores, Inc. and a prominent Los Angeles entertainment law firm.
This release contains forward-looking statements, which are subject to risks and uncertainties, including, but not limited to, risks associated with the development of new business concepts and risks associated with year 2000 issues. Additional discussion of factors that could cause actual results to differ materially from management's projections, forecasts, estimates and expectations is contained in the SEC filings for Circuit City Stores, Inc.
SOURCE Digital Video Express, LP
Web Site: http://www.circuitcity.com
More Story's
Yahoo - http://dailynews.yahoo.com/headlines/technology/
zdnet/story.html?s=v/zd/19990616/tc/19990616002
Reuters - Circuit City posts loss after dropping DIVX
Or just check out the web site http://www.divx.com
God I love it when we are right!
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